Price $4,000,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
2,630
| Lease Start
09-30-2023
| #Units
36,000
|
Price/SF $1,520.91 | Expiration
02-28-2034
| Tenant Type Fast Food/QSR |
NOI $200,000 | R. Term 10.2 | Ownership Fee Simple |
Rent/SF
$76.05
| Increases 10.0%/5/yrs | Pop 5Mi 128,012 |
Lot/AC 0.86 | Options 6/5yrs/10% | AHHI 5Mi $82,732 |
| |
Starbucks is strategically positioned, fronting the signalized intersection of Howland Boulevard and State Highway 472, collectively generating more than 47,300 vehicles passing by daily. The asset will benefit from the presence of Interstate 4 which sees approximately 93,000 vehicles pr day. The subject property will also benefit from having multiple points of access, cross access with the...
...New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Strong demographics
Income tax free state
Brand new lease
Traded and rated company
Corporate Guarantee
Investment grade tenant
Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 4,371 | 43,042 | 130,148 |
2023 Total Population : | 3,909 | 39,847 | 126,413 |
2023 Employed Civilian Pop : | 1,896 | 19,449 | 60,088 |
2023 Total Businesses : | 83 | 953 | 3,155 |
2023 Average Household Income : | $ 82,512 | $ 83,602 | $ 82,687 |
2023 Total Consumer Spending : | $ 97 M | $ 1112 M | $ 3465 M |
2023 Median Age : | 42 | 47 | 44 |
2023 Total Households : | 1,364 | 15,349 | 48,162 |
2023 Pop Age 25+: Bachelor's Degree : | 707 | 5,669 | 16,368 |
2023 Average Home Value : | $ 272,038 | $ 290,506 | $ 290,485 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Howland Blvd | Wolf Pack Run | 2011 | 30,490 | 0.17 mi |
East Graves Avenue | Graves Ave E | 2022 | 7,400 | 0.19 mi |
State Rte 472 | State Rd 472 | 2012 | 24,600 | 0.34 mi |
Normandy Blvd N | 2020 | 14,000 | 0.49 mi | |
Normandy Blvd N Exd | 2022 | 15,000 | 0.49 mi | |
Normandy Blvd N Exd | 2022 | 3,900 | 0.50 mi | |
Howland Blvd | Red Fox Run | 2011 | 28,010 | 0.50 mi |
East Graves Avenue | Rich Ave | 2022 | 15,400 | 0.61 mi |
East Graves Avenue | E Graves Ave | 2021 | 15,700 | 0.61 mi |
I- 4 | 2022 | 3,500 | 0.64 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]